Hamilton

Area Guide For Hamilton

Hamilton (Scots: Hamiltoun, Scottish Gaelic: Hamaltan) is a town in South Lanarkshire, in the west-focal Lowlands of Scotland. It serves as the fundamental regulatory focus of the South Lanarkshire chamber zone. It is the fifth-greatest town (barring urban communities) in Scotland after Paisley, East Kilbride, Livingston and Cumbernauld. It lies 12 miles (19.3â km) south-east of Glasgow, and 35 miles (56.3â km) south-west of Edinburgh on the south bank of the River Clyde at its juncture with the Avon Water. Hamilton was the area town of Lanarkshire. The town of Hamilton was initially known as Cadzow or Cadyou (Middle Scots: Cadèow, the "ȝ" being the letter yogh), claimed/kadyu/. Amid the Wars of Scottish Independence the Hamilton family at first upheld the English and Walter fitz Gilbert (the leader of the Hamilton family) was legislative head of Bothwell Castle for the benefit of the English. Notwithstanding, he later changed steadfastness to Robert the Bruce, taking after the Battle of Bannockburn, and ceded Bothwell to him.

 
 

Hamilton Map

Estimated Price: £126,011
Average Asking Price: £112,959
Price change in last one year: £2,815
Average Price Paid: £121,142
Average Rent Rates: £525

 
 

Property Prices Breakdown in Hamilton

Average Price for property in Hamilton is around £126,011 which varies based on type of property you are interested in and ranges from £218,444 for detached house to around £122,020 for semi-detached. Similarly terraced house is around £96,003 and a flat is worth £95,044. Values have been changing and have risen £1,122 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,133 in last 6 months, £2,815 in last 1 year, £5,725 in last 2 years, £5,871 in last 3 years, £3,764 in last 4 years and £5,518 in last 5 years.

Currently average asking price of a property in Hamilton is around £112,959 based on approximately 690 properties for sale. Same is the case with rental options based on 74 properties up for rent, average asking rent is around £525 per month.

Estimated property value in Hamilton is £126,011. Average asking price is £112,959 while average price paid is £122,141 which is up by £2,815 and Avg. asking rent £525.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Hamilton area. In last 1 year alone average price buyer paid is around £122,141 based on approximately 690 sales in Hamilton area alone. If you compare it to last 3 years sales of 2,024 properties where buyers paid around £120,273. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £121,142 for 3,197 and average amount paid for purchase of approx. 4,668 properties sold in last 7 years comes to about £120,194 per sale.

 
 

Properties For Sale in Hamilton

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £90,650, £130,544 for a 3 bedroom house, £246,679 for a 4 bedroom house and £335,833 for a 5 bedroom house. For a flat similarly the prices varies from £55,493 for a single bedroom to £85,694 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £107,321 and £68,498 for a 4 bedroom flat. To sum up the asking prices for properties in Hamilton it comes to around average £55,493 for 1 bedroom property, £87,265 for 2 bedroom, £126,209 for 3 bedroom, £231,831 for 4 bedroom and £335,833 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £488 for 2 bedroom to £607 for 3 bedroom and £984 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £380. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £491 and £355 for 3 bedroom. You should be generally be expecting around average £380 rent per month for single bedroom property, £491 for 2 bedroom, £515 for 3 bedroom and approximately £984 for 4 bedroom property in Hamilton area.

Popular Houses in Hamilton

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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